Deepak Navnith to Stepdown as Chief Operations Officer of FTC Solar, Inc
January 27, 2022 at 09:31 pm
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On January 23, 2022, Deepak Navnith and the Chief Executive Officer of FTC Solar, Inc. agreed that Mr. Navnith would step down from his position as Chief Operations Officer of the Company. Mr. Navniths departure is not related to any disagreement with the Company, and Mr. Navnith has agreed to remain employed by the Company for a transition period of 30-45 days in order to facilitate an effective transition. The Company presently intends to eliminate the position of Chief Operations Officer, with functions previously performed by Mr. Navnith to be transitioned to other parts of the Companys organization, each of which will ultimately report to the company's Chief Executive Officer.
FTC Solar, Inc. is a provider of solar tracker systems, technology, software, and engineering services. It offers trackers and software solutions targeting the utility-scale solar energy markets to customers in the United States, Asia, Europe, the Middle East, North Africa, South Africa and Australia. It is engaged in the sale of solar tracker systems and customized components for those systems, individual part sales for certain specific transactions and the sale of term-based software licenses. Its tracker system is marketed under the Voyager brand name (Voyager), which is built upon a self-powered, two-panel in- portrait (2P) single-axis tracker design utilizing a 60-meter independent row architecture. In addition, its Pioneer 1P solar tracker solution leverages the technological advantages of Voyager. It also offers shipping and handling services, engineering consulting and pile testing services, subscription-based enterprise licensing and maintenance and support services.